Ultra Petroleum Corp. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 91 |  Published By: GlobalData | Format: PDF
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Summary

Ultra Petroleum Corp. Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry’s players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 8
Key Information 8
Company Overview 8
Ultra Petroleum Corp., Valuation and Financial Data 9
Ultra Petroleum Corp., Share Price Performance 9
Share Price Performance, Q1, 2015-Q1, 2016 9
Ultra Petroleum Corp., Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Ultra Petroleum Corp., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12
Ultra Petroleum Corp., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Ultra Petroleum Corp., Quarterly Production Trends 14
Ultra Petroleum Corp., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15
Ultra Petroleum Corp., Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17
Ultra Petroleum Corp., Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19
Ultra Petroleum Corp., Valuation and Financial Data, 2011-2015 20
Ultra Petroleum Corp., Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Ultra Petroleum Corp., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Ultra Petroleum Corp., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
Ultra Petroleum Corp., Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
Ultra Petroleum Corp., Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2011-2015 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59
Oil and Gas Performance Metrics 63
Ultra Petroleum Corp., Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2011-2015 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65
Well Statistics 68
Producible Oil and Gas Well, 2011-2015 68
Producible Oil and Gas Well, By Country/Region, 2011-2015 69
Exploration and Development Wells Drilled, 2011-2015 73
Recent Developments 74
Ultra Petroleum Corp. - Recent Developments 74
May 02, 2016: Ultra Petroleum Files For Bankruptcy Protection 74
May 02, 2016: CorEnergy Responds To UPL Chapter 11 Filing 74
Mar 18, 2016: Ultra Petroleum Receives Continued Listing Standard Notice From NYSE 74
Feb 18, 2016: Ultra Petroleum Announces 2015 Financial And Operating Results 75
Oct 29, 2015: Ultra Petroleum Announces Third Quarter 2015 Financial And Operating Results 78
Jul 30, 2015: Ultra Petroleum Announces Second Quarter 2015 Results 80
Apr 30, 2015: Ultra Petroleum Announces First Quarter 2015 Results, Production Of 70.4 Bcfe, And Adjusted EPS Of $0.14 Per Diluted Share 83
Feb 19, 2015: Ultra Petroleum Announces Fourth Quarter And Full Year 2014 Financial And Operating Results 85
Feb 19, 2015: Ultra Petroleum Increases Proved Reserves 49 Percent To 5.4 Tcfe And Reports 72 Percent Increase In PV-10 Value To $7.1 Billion 87
Appendix 89
Methodology 89
Coverage 89
Secondary Research 89
Primary Research 89
Data Information Sources 90
Company Source 90
SEC/Other Regulatory Filings 90
Other Sources 90
Expert Panel Validation 90
Data Definition 90
Oil and Gas Reserves 90
Units of Measure 91
About GlobalData 91
Disclosure 91
Disclaimer 91

List of Tables
Table 1: Ultra Petroleum Corp., Key Facts 8
Table 2: Ultra Petroleum Corp., Share Price Performance, Q1, 2015-Q1, 2016 9
Table 3: Ultra Petroleum Corp., Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Table 4: Ultra Petroleum Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Table 5: Ultra Petroleum Corp., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12
Table 6: Ultra Petroleum Corp., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Table 7: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14
Table 8: Ultra Petroleum Corp., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Table 9: Ultra Petroleum Corp., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Table 10: Ultra Petroleum Corp., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Table 11: Ultra Petroleum Corp., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Table 12: Ultra Petroleum Corp., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Table 13: Ultra Petroleum Corp., Share Price Performance, 2011-2015 20
Table 14: Ultra Petroleum Corp., Key Valuation Metrics, 2011-2015 21
Table 15: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Ultra Petroleum Corp., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Ultra Petroleum Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Ultra Petroleum Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Ultra Petroleum Corp., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Ultra Petroleum Corp., Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Ultra Petroleum Corp., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Ultra Petroleum Corp., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Ultra Petroleum Corp., Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Ultra Petroleum Corp., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Ultra Petroleum Corp., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Ultra Petroleum Corp., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Ultra Petroleum Corp., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Ultra Petroleum Corp., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Ultra Petroleum Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: Ultra Petroleum Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: Ultra Petroleum Corp., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 32: Ultra Petroleum Corp., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: Ultra Petroleum Corp., Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: Ultra Petroleum Corp., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: Ultra Petroleum Corp., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Table 36: Ultra Petroleum Corp., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62
Table 37: Ultra Petroleum Corp., Oil and Gas Performance Metrics, 2011-2015 63
Table 38: Ultra Petroleum Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Table 39: Ultra Petroleum Corp., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67
Table 40: Ultra Petroleum Corp., Producible Oil and Gas Wells, 2011-2015 68
Table 41: Ultra Petroleum Corp., Producible Oil and Gas Wells, By Country/Region, 2011-2015 72
Table 42: Ultra Petroleum Corp., Exploratory and Developed Wells, 2011-2015 73

List of Figures
Figure 1: Ultra Petroleum Corp., Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 9
Figure 2: Ultra Petroleum Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10
Figure 3: Ultra Petroleum Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Figure 4: Ultra Petroleum Corp., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13
Figure 5: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14
Figure 6: Ultra Petroleum Corp., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Figure 7: Ultra Petroleum Corp., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Figure 8: Ultra Petroleum Corp., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Figure 9: Ultra Petroleum Corp., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Figure 10: Ultra Petroleum Corp., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Figure 11: Ultra Petroleum Corp., Share Price Performance, USD/Share, 2011-2015 20
Figure 12: Ultra Petroleum Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Ultra Petroleum Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Ultra Petroleum Corp., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Ultra Petroleum Corp., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Ultra Petroleum Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Ultra Petroleum Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Ultra Petroleum Corp., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Ultra Petroleum Corp., Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Ultra Petroleum Corp., Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Ultra Petroleum Corp., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Ultra Petroleum Corp., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Ultra Petroleum Corp., Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Ultra Petroleum Corp., Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Ultra Petroleum Corp., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Ultra Petroleum Corp., Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36
Figure 27: Ultra Petroleum Corp., Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2011-2015 36
Figure 28: Ultra Petroleum Corp., Oil Reserve Life Index, By Country/Region, Ratio, 2011-2015 37
Figure 29: Ultra Petroleum Corp., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: Ultra Petroleum Corp., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: Ultra Petroleum Corp., Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: Ultra Petroleum Corp., Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: Ultra Petroleum Corp., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: Ultra Petroleum Corp., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 35: Ultra Petroleum Corp., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: Ultra Petroleum Corp., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: Ultra Petroleum Corp., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 38: Ultra Petroleum Corp., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 39: Ultra Petroleum Corp., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: Ultra Petroleum Corp., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: Ultra Petroleum Corp., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: Ultra Petroleum Corp., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: Ultra Petroleum Corp., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: Ultra Petroleum Corp., Revenue and Expenses, US$ mil, 2011-2015 52
Figure 45: Ultra Petroleum Corp., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 46: Ultra Petroleum Corp., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 47: Ultra Petroleum Corp., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 48: Ultra Petroleum Corp., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 54
Figure 49: Ultra Petroleum Corp., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 50: Ultra Petroleum Corp., Production Costs, By Country/Region, US$ mil, 2011-2015 55
Figure 51: Ultra Petroleum Corp., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 52: Ultra Petroleum Corp., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Figure 53: Ultra Petroleum Corp., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 54: Ultra Petroleum Corp., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 55: Ultra Petroleum Corp., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 56: Ultra Petroleum Corp., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: Ultra Petroleum Corp., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 58: Ultra Petroleum Corp., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: Ultra Petroleum Corp., Oil and Gas Performance Metrics, 2011-2015 63
Figure 60: Ultra Petroleum Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Figure 61: Ultra Petroleum Corp., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 62: Ultra Petroleum Corp., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 63: Ultra Petroleum Corp., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 64: Ultra Petroleum Corp., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 65: Ultra Petroleum Corp., Producible Oil and Gas Wells, 2011-2015 68
Figure 66: Ultra Petroleum Corp., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 67: Ultra Petroleum Corp., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 68: Ultra Petroleum Corp., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 70
Figure 69: Ultra Petroleum Corp., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 70
Figure 70: Ultra Petroleum Corp., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 71: Ultra Petroleum Corp., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 72: Ultra Petroleum Corp., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 72
Figure 73: Ultra Petroleum Corp., Exploratory and Developed Wells, 2011-2015 73


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